Forex news from the European morning trading session 10 December 2014



It’s been a session that’s seen the US $ mostly in demand-mode as USDJPY finds support below 119.00 but for the most part the moves have been contained after an initial flurry

USDJPY opened up around 118.80 with EURUSD trying to get above 1.2400 and GBPUSD challenging 1.5700 but a rally in Chinese equity markets calmed a few nerves and we saw 119.30, 1.2362 and 1.5648 . We’ve been up and down since in the same ranges but the Aussie $ has continued on to test Asian highs around 0.8340 from 0.8300

USDCAD had a look at support around 1.1430 then rallied only to run out of puff into offers from 1.1470 while NZDUSD has had decent morning joining the Aussie in a relief rally to 0.7730 from 0.7690

All in all a little scrappy, but still presenting intra-day opportunity for those interested.